New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-04-20
CLOSING PRICES OF PRILADvL STOCKS
TUESDAY. April 19-P. N

TUESDAY, April 19-P. N.
In another batch of railway earnings In the second
week Of April. printed below. all American companies
except two return gains the second week OF April OF
1885, ranging from to IS per cent Anngenious eircu
lar was issued to the Street and circulated with the inten
Of establishing the theory that trac has been effected
by the Interstate Commerce law Sixteen roads were
selected 10 show that the aggregate earnings OK tnem
was S53 966 less In the second week than In tue ns'
week of the current month"; and 10 closed with the re
mark The claim that traffic has fallen OF since Aprio,
when the into effect appears by the ABOVE 70
be justified" II the object had been W
establisn n fact rather than to support
theory an Investigation and . comparison Of the earn
nRs of the first and second weeks OF April 1885, wouu
show that there was much irreguarity between these
two weeks Last year the earnings OF the 81 PAU Com
uany IN the second week were $4,000 less than In the
first and other roads also gave smaller earnings III ne
second week than In the first The curious part OF inc
circular was the including Of canadian Pacine whcn
sweled the total decrease from the first week by $1,000
Now Canadian Pacific" is Of the foreign railways
which the theorists have c,imed was to be greatly BEN
Gifted by the law at the expense OF American
railways and We fall TO comprenenn no"
the law DO chargeaDie Win i.s
loss of but perhaps It is as much 90 az Win
the other losses The fact Is that railway earnass In
GOOD and bad seasons ctuats week BY week. and when
we Iaaye the old method OF making comparisons Wild
moulding periods Of preceding years We are likely
TO drift way from knowledge 70 confusion The earnings
for the second week Of April arc making unexpecseo
large gains the weeks OF April the gains arc
almost unprecedented
Todays stock market opened IN good form ana WORKED
strong with Philadelphia and Reading Delaware LACK
awanna and Western aud Fort Worth AMI Denver
the special favortes Of traders. While those tnree
stocks monopoized O large portion OF the to'a'
business the remainder fairly distributed through
the list and values generally hardened till aer o'clock
Erie and w-Engand again were weak spots AMI iair
szed .short" interest accumulated Ia BOTH Man.
haitian consolidated noticeably strong Columbus
Hooking Valley aad Toledo was weak on the circulation
Of some ugly reports concerning its financial status
which not only unconrmed but sre denied auhorita
lively At about 230 o'clock there we're rimors OF the
.udden death OF President Mitchell of the st. Paul Com
pany which, although promptly denied they proved TO
be furnished pretext for selling the whole market
Az the same time is was announced that
tho Reading trustees had issued call
for two assessments OF % per cent each
of the total the different securities OF
IN, company which have pay them under the plan OK
reorganization payable June and July On the STOCK
this amounts to 10 per cent both payments Although
the calling OF the assessment time. the calling
now, after the recent activity In the STOCK
and q probable small Distribution Oh tne
certificates was q chill to recent purchasers anc
with the first development OF desire to transfer recent
nprchasas TO other shoulders there not wanting
an element ready make things As unpleasant As pos
sibe AT 2I5 the price was 474 rapidly decnned 20
45s and closed at 45le This together with the Unleash
n..s concerning the report about Mr. Mitchell affected
the whole market and generally prices closed weak ~
ahout the lowest OF the day. II Is not mpropAoe Ina.
nh, reaection on the a6surty OF the will npart
a Inherent tone and character To to-morrows market
owe M ner cent The currency Is also
lower Anne xed the closing quotations.